Cranbrook Lease Extension - Your Legal Fees Calculator
Top Ten Questions relating to Cranbrook Lease Extensions
I agreed with the head landlord for a lease extension on our flat based in Cranbrook, 14.5k for an additional 90yrs. How long is the process ?
I acquired a flat in Cranbrook with a leasehold unexpired around 73 years and need a lease extension. Please can you clarify the next steps
We have seen a house for sale for £195k and we are very keen on but we've just found out that it is leasehold. There are 928 years outstanding so a lease extension is not an issue. We didn't know what this meant but the internet suggests we wouldn't own the land or property, just the lease to live there. Is this correct? We wouldn't want to pay a mortgage for 25 years without the house being ours. Any advice would be much appreciated.
This flat I have in mind requires only ground rent. Long lease so no lease extension required. I have asked the estate agents as to what happens to building insurance and responsibility for communal areas and if one of the two flats which make up the property wants to make alterations.They said they did not know. I cannot see how one could get buildings insurance for the whole building shared with another flat, either downstairs or upstairs. I do need to clarify things like this before I undertake all the expenses involved in purchasing a property I feel. Do freeholders actually supply their own insurance?
The terms for the lease on my flat in Cranbrook are 101 years from 1 Jan 1988. Please supply me me a quote for a lease extension if I give you more details please?
I am a landlord of a block of flats in Cranbrook, and the tenants are in the process of being given lease extensions. I should hopefully get the money next week. As I am not on self assessment do I write to the Inland Revenue ?
My wife and I would like to know the cost of a lease extension valuation for a property based in Cranbrook. Is this something you can help us with?
Coming up to 2 years that I have been in my one bed flat in Cranbrook. I have 74 years remaining on the lease. I am now wanting to buy a share of freehold or a lease extension. I purchased the property for 320K, it is now roughly 425k. I understand that 90 years is the period most people extend. I spoke to my conveyancing practitioners about the process, he answered most of my questions but just have one left: In terms of surveyors - how do I go about finding one?
If somebody owns a flat with a lease of under 80 years, they can afford the lease extension by borrowing the funds against the property, and the value of the flat with the new lease will more than cover the cost of the extension, then is there any justification for not extending the lease?
I have fivety six years remaining on my lease of a ground floor flat in Cranbrook, the Landlord requires a £25k premium for a statutory lease extension of 90yrs. I am looking for advice on whether this amount is too high